18
Nov
16:24
LITHIUM: Grid Metals, Lithium Royalty in CAD 6.3m funding agreement
Ontario-based Grid Metals Corp says it has signed a term sheet with Lithium Royalty Corp to finance developing its lithium assets in Manitoba and Ontario, Kallanish reports.
The transaction, when it closes, could provide up to CAD 6.3 million ($4.9m) to Grid Metals, and the transaction also envisions the creation of a lithium-focused spin-out company. Grid Metals says it intends to form a new lithium subsidiary. The plan is to list or sell the subsidiary in the fu…
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Anonymous
Very good overview of the weekly steel market.
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